EUR/JPY Price Analysis: Interim top looks likely just above 144.00

EUR/JPY adds to Thursday’s losses and breaches 142.00.
The next support of note comes at 140.00.

Pablo Piovano FXStreet

EUR/JPY extends the rejection from recent peaks past the 144.00 mark at the end of the week.

Overbought conditions and renewed demand for the Japanese yen now force the cross to shed further ground and re-shift its attention to the 140.00 neighbourhood, which emerges as the next magnet for bears in the short-term horizon.

So far, while above the 3-month support line near 136.20, the near-term outlook for the cross should remain bullish.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	141.69
Today Daily Change	120
Today Daily Change %	-0.65
Today daily open	142.62

Trends
Daily SMA20	137.79
Daily SMA50	137.05
Daily SMA100	133.75
Daily SMA200	131.88

Levels
Previous Daily High	144.19
Previous Daily Low	142.35
Previous Weekly High	140.37
Previous Weekly Low	136.38
Previous Monthly High	138.32
Previous Monthly Low	132.66
Daily Fibonacci 38.2%	143.05
Daily Fibonacci 61.8%	143.49
Daily Pivot Point S1	141.91
Daily Pivot Point S2	141.21
Daily Pivot Point S3	140.07
Daily Pivot Point R1	143.76
Daily Pivot Point R2	144.89
Daily Pivot Point R3	145.6

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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